Marietta Investment Partners LLC decreased its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 19.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,546 shares of the oil and gas company’s stock after selling 2,822 shares during the period. Marietta Investment Partners LLC’s holdings in Chevron were worth $1,760,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Dakota Wealth Management lifted its holdings in shares of Chevron by 14.9% during the fourth quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock worth $12,690,000 after purchasing an additional 10,822 shares during the period. Brooklyn FI LLC acquired a new stake in shares of Chevron during the third quarter worth about $431,000. Clear Trail Advisors LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $10,167,000. Finemark National Bank & Trust lifted its holdings in shares of Chevron by 40.3% during the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after purchasing an additional 16,243 shares during the period. Finally, Curtis Advisory Group LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $1,381,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on CVX. Sanford C. Bernstein decreased their price target on Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a report on Monday, May 11th. UBS Group boosted their price target on Chevron from $218.00 to $220.00 and gave the company a “buy” rating in a report on Monday, May 4th. Mizuho boosted their price target on Chevron from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. Finally, Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $205.70.
Insider Buying and Selling
In other news, insider R. Hewitt Pate sold 40,200 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider directly owned 8,638 shares in the company, valued at $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares of the company’s stock, valued at $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 662,400 shares of company stock valued at $127,090,824 over the last 90 days. Company insiders own 0.56% of the company’s stock.
Chevron News Summary
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron’s Argentina growth plans are drawing attention after the company applied for the country’s tax incentive program tied to a proposed $13.8 billion Vaca Muerta oil project. The move signals a major long-term investment in one of the world’s largest shale plays and could expand Chevron’s production base if approved. Reuters article
- Positive Sentiment: Wall Street commentary has turned more constructive on Chevron (CVX), with reports noting bullish analyst views and a higher price target from Barclays. That kind of sentiment often helps investors view the stock as undervalued relative to its cash generation and dividend profile. Yahoo Finance article
- Positive Sentiment: Chevron was also highlighted in a piece on high-yield dividend stocks, reinforcing its appeal to income-focused investors. With its steady payout and integrated business model, CVX continues to be seen as a defensive energy name. Blockonomi article
- Positive Sentiment: A broader feature on energy stocks tied to the AI power boom argued that Chevron could benefit from rising electricity demand through long-term gas supply relationships and its large-scale energy infrastructure. That supports the view that CVX has exposure beyond just oil prices. MarketBeat feature
- Neutral Sentiment: Recent governance and leadership updates, including the planned legal chief transition and shareholder votes on proposals, appear to confirm continuity rather than create a major new catalyst for the stock. Yahoo Finance article
Chevron Trading Up 1.3%
Shares of NYSE:CVX opened at $190.00 on Thursday. Chevron Corporation has a 12-month low of $136.70 and a 12-month high of $214.71. The company has a market capitalization of $378.41 billion, a PE ratio of 32.93, a PEG ratio of 0.62 and a beta of 0.48. The business has a 50 day moving average of $191.38 and a two-hundred day moving average of $176.53. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 earnings per share. As a group, analysts forecast that Chevron Corporation will post 15.74 EPS for the current year.
Chevron Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be given a $1.78 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron’s payout ratio is 123.40%.
About Chevron
Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.
Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.
Read More
- Five stocks we like better than Chevron
- Coke’s $10B India IPO Plan Pops the Top on Hidden Value
- FedEx Unboxes Billions in Post-Spinoff Value
- Marvell’s AI Moment Raises a Bigger Question for Amazon and ServiceNow
- Palo Alto Networks Accelerates Growth 31% on AI Demand
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
